Updated Dec 4, 2024
Ethan Cole Of NH & FL Real Estate Facilitates $2M Sale Of Multifamily Property In Miami Beach
$2,000,000
$279/SF
Building Size
7,152 SF
Asset Type
MultiFamily
Closing
Mar 11, 2024
About this deal
AI
In Miami Beach, a multifamily property located at 750 Lenox Avenue was sold for $2,000,000. The property comprises 6 units and spans 7,152 square feet with a price per unit of $333,333 and a price per square foot of $280.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 6
- Square Footage: 7,152
- Price Per Unit: $333,333
- Price Per Square Foot: $280
- Address: 750 Lenox Avenue
- Market: Miami Beach
Ethan Cole of NH & FL Real Estate facilitated the transaction, acting as the broker in the deal.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93